Anyone out there doing money by trading? How?

[a298b112]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

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[_BlackStar]

First, move your topic to: Trading Discussion

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable.

How do you come to such a conclusion, have you done research for more than 10 respondents ^[traders] so far?

I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

You don't need to know which traders are successful in making profits in the market either in the short term or in the long term. Every trader has a different strategy from other traders ^{[it can also be the same],} logically if they don't make anything with their strategy then how do they live and keep trading with it?

Profits can be generated as long as the trader is able to master the strategy of doing it right. The simplest trading conditions are to have funds, buy low and sell higher. Then you also have to understand that analysis is the one that is most needed to determine when you have to make an entry.

[Doan9269]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable.

Trading a long term asset is profitable except if you're using a wrong method or selling approach, when you hold for long term it's called an investment while trading if it's on a short term, the kind of cryptocurrency you're investing with matters alot here, there are shitcoins that will depreciate instead of appreciating over time, they are called shitcoins because they easily loose value on dip periods with high volatility.

I mean I don't know any single person who is doing decent amount of money for living by trading in crypto.

If you doesn't know any does not mean they don't exist, why not increase your research tempo because the far you go the more you see, the kind of coin you trade also matters in crypto just as I've earlier said.

Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Yes am into it am being successful, I don't stress myself with altcoins but i only invest with bitcoin which i believe almost everyone on bitcointalk also do by choosing bitcoin as priority over any other, i think you need to learn first before assuming judgement on anything and if you must learn then you should start with bitcoin.

[bitmover]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Most traders just lose money.


https://tradeciety.com/24-statistics-why-most-traders-lose-money/



Here is how you to make money trading.

Open 2 accounts, one in each exchange.

Open a long position in one, and a short position in the other. Make a video of both.

The one that you made money (no matter which one) make an online course about trading showing your video. Then sell it in Twitter/Instagram or any other social network to teach people how to trade 

I see so many "traders" selling courses. They are the ones making money.

[a298b112]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Most traders just lose money.


https://tradeciety.com/24-statistics-why-most-traders-lose-money/



Here is how you to make money trading.

Open 2 accounts, one in each exchange.

Open a long position in one, and a short position in the other. Make a video of both.

The one that you made money (no matter which one) make an online course about trading showing your video. Then sell it in Twitter/Instagram or any other social network to teach people how to trade  

I see so many "traders" selling courses. They are the ones making money.

Exactly, I mean of course I don't have a reliable data to confirm however it is my feeling that a lot of people usually loose money on trading. Then I also see a lot of traders trying to sell their courses... there is one I've been watching (now I stopped watching his channel) who says he did millions on trading... and I think why then he needs to sell courses on trading?

Another example from Twitter. A guy says in three years he did 10 million starting from 50k. And I see a lot of people following him... some very well known people in the crypto are also following him. So I am again asking myself, is this true story or this is just bulshit. Hence these questions. Anyway please share what do you think on trading.

[crwth]

That's definitely one of the things that you can consider when you are talking about trading and if that's what you have experienced so, why not?

For me, the people who are earning a lot are not so noisy about it and just keep it in a low profile unless it's an enormous amount of win and needs to be televised or something.

[mk4]

Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Myself. It's just that personally, I don't do daytrading. My trades span at least a week, to months. As for how you do it, you just need a decent strategy and a lot of reading of documents, and a lot of browsing on Twitter.

[Osama Maaz]

Mates i think you are highly new to crypto field because trading means get profits from short moves of market fluctuations by you knowledge and experience this is a very highly profitable and risky business , risky because if you dont have knowledge then you will lose all of your money ,
And other strategy is holding  buy in parts and hold the long you hold the high you can get profits buy taking profit in important.
For example in 2019 the price of bitcoin is traded between 8k to 14k but after 3 years you can see the huge pump that breaks 6k price so if you take profit at 50, 40 you make 4x profits thats the power of hold ,
Now BItcoin is again comes to its base price or its around So buying at this price is not bad or buy in three parts will be a good strategy.

[GreatArkansas]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable.
(.....)

I am thinking the opposite. Because the more you stay on the market, the more lessons you learned and that's why capital is very important, capital preservation is a must.
Because there is a lot of opportunities in the future, there is a lot more trade opportunity as long as you have the capital, so for me, the longer, the better.

[Yawa2020]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Because you're not making money from trading does not mean people are not making too. The truth is that trading is very risky and Mentally you have to be strong to even think of starting to trade. Invest what you can afford to loose and do not attach emotions to trading. Set daily loose or profit & follow it strictly. You can see my yesterday and today's experience in the image below.

[Liquid_Gas]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Only about 10 to 20% of people make money trading long-term. Note, that stat has been accurate for all types of investing long before BTC existed. YES you can make great money trading, you simply need to make better decisions than the people you are competing against. Helpful tip: Think "Buy Low, Sell High" and actually do it, you need to go against the crowd, calm down, save plenty of money for the next trades, and never "come to the conclusion" you will fall short of winning.

[Kelvinid]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

I can say that I'm not really doing well in my trading job but at least I was still in the profit and this is because I don't lose hope and easily give up when having mistakes, instead I use this as my weapon to grow up and be careful in the next round. This can happen to you OP but it becomes impossible if you keep on rushing and always chasing a profit every day. You are just new to trading but you already saw the negative thing that will happen to you which is bad and it will influence your mind and that is how you draw conclusions about a thing that you've never given your best.

[Johnyz]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Professional traders know how to diversify their money, they are not doing pure trades most of them play longer and that's why they succeed because they already master their strategy and control their emotion right. I have a friend who are fully dependent to trading, he's still single so he can still afford to take such risk and I think this will also depend on your status in life. Trading in long term is not that profitable because of many reason, investors says trading is not profitable because you are selling good coins early instead of holding it, while trader says its profitable because they are able to meet their goal for the whole month. Profit will always depend on how you see it, so better to know your goal first.

[Lucius]

~snip~
I see so many "traders" selling courses. They are the ones making money.

The way to quick success and how to earn the first million $ trading with cryptocurrencies - why risk your money when you can easily take money from others, and besides, the market is huge because everyone thinks it's easy to make $100k from $100.

Of course, all those who brag about their expensive cars and mansions help in this, they just don't say where exactly they got the money for all that - and the truth is that this money mostly comes from crypto projects that they successfully sold, and which today they are worth nothing.

I don't understand why all those who want to trade with cryptocurrencies don't first try to trade with stocks or something less volatile, but I assume that there are a lot of people who are still underage and cannot have a broker, a bank account and the like...

[Shinpako09]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

Trading is the most profitable especially in the long run since your skills/knowledge will improve as time pass by. If you just wanna know successful traders, just go to youtube or TikTok, etc. You'll find tons of them as well as tips and tutorials. You'll gain knowledge from them as long as you are not too lazy to learn coz trading is not as simple as 1, 2, 3. It really takes time.

[doomloop]

Professional traders know how to diversify their money, they are not doing pure trades most of them play longer and that's why they succeed because they already master their strategy and control their emotion right. I have a friend who are fully dependent to trading, he's still single so he can still afford to take such risk and I think this will also depend on your status in life. Trading in long term is not that profitable because of many reason, investors says trading is not profitable because you are selling good coins early instead of holding it, while trader says its profitable because they are able to meet their goal for the whole month. Profit will always depend on how you see it, so better to know your goal first.

Diversifying can be helpful. It works like a backup in case our trading fails because there are no perfect trades. Pro traders know this already due to the experience they have. Your friend is single. That's great but maybe you can advice him to diversify so that he won't lose that much. It's always better to have more money in hand. He may not be needing it now but he will regret it one day or by the time he already have his own family because he didn't save up and play carefully with his trades.

@OP it's fine if you think that way. Maybe it's time for you to stop trading and find other alternatives which will perfectly fit better for you. Trading isn't just for all.

[justdimin]

Professional traders know how to diversify their money, they are not doing pure trades most of them play longer and that's why they succeed because they already master their strategy and control their emotion right. I have a friend who are fully dependent to trading, he's still single so he can still afford to take such risk and I think this will also depend on your status in life. Trading in long term is not that profitable because of many reason, investors says trading is not profitable because you are selling good coins early instead of holding it, while trader says its profitable because they are able to meet their goal for the whole month. Profit will always depend on how you see it, so better to know your goal first.

Professional traders do this for a living and have a good amount of capital to wait it out if they ever do something wrong for a short period of time. Look at wall street and you will know what I mean, those people do not end up investing into things for just a day, and if they do daily trades which some of them do, they do not do it based on small mistakes that could become huge and bankrupt them, even the biggest ever 2008 didn't crash them, all of the continue.

So that means the best thing we could ever do would be having a big capital to be a great trader, if that is not available to us then we shouldn't really have hopes about such things at all.

[Hypnosis00]

That's definitely one of the things that you can consider when you are talking about trading and if that's what you have experienced so, why not?

For me, the people who are earning a lot are not so noisy about it and just keep it in a low profile unless it's an enormous amount of win and needs to be televised or something.

Because there is nothing for them to prove in public that they are earning and for their safety from hackers, they keep on silent and continue trading.

And I know that trading is really profitable to others but it is also a disaster to others too. It is certainly hard for beginners to earn a profit which I see OP had complained about his experience from trading. But such a mindset couldn't really stay in trading and no way he could understand the situation for I believe he is not doing well and chasing success but can't accept losses.

[Oceat]

That's definitely one of the things that you can consider when you are talking about trading and if that's what you have experienced so, why not?

For me, the people who are earning a lot are not so noisy about it and just keep it in a low profile unless it's an enormous amount of win and needs to be televised or something.

Because there is nothing for them to prove in public that they are earning and for their safety from hackers, they keep on silent and continue trading.

And I know that trading is really profitable to others but it is also a disaster to others too. It is certainly hard for beginners to earn a profit which I see OP had complained about his experience from trading. But such a mindset couldn't really stay in trading and no way he could understand the situation for I believe he is not doing well and chasing success but can't accept losses.

There are limited people that can do the trade while making it as a living. At first it was so hard that it took almost all of his funds just to earn a decent profit and finally gained the experience and idea of how to trade with his own strategy for trading. One thing he said to the others was, don't try it because it might not work for you since it took him almost two years to become a good trader.

I can't imagine how much money and energy he needs just to go like full time traders like that but it's amazing although the risk was there you just need to work it out on how to play with those risk and the market.

[Hamphser]

The more I learn I am kind of coming to conclusion that trading in the long run is not profitable. I mean I don't know any single person who is doing decent amount of money for living by trading in crypto. Hence the question: do you know anyone who is successful trading in crypto? or are you doing well by trading crypto?

If trading wasnt profitable then we wont really be seeing sellers and buyers in the market specially on exchange platforms. Pretty sure that there are people who do make out money out of trading and able to be
profitable but this isnt something that someone could easily attain or achieve since this would really be requiring that extreme skills and knowledge when it comes to buy and selling your coins in the market.
We do have that technical analysis and we do have those fundamentals and other things which are relevant and helpful on your trading journey or career.It is really just normal that lots would be losing their money
if they dont know on what they are doing.This is something that cant really be achieved by someone so easily and on the time that they do make out some engagement then losses then they would be
creating these kind of thoughts that trading doesnt really give out some income or not profitable which is really very wrong.